US stocks end week decisively lower

Wall Street stocks fell Friday to conclude a volatile week with markets shrugging off mostly solid bank earnings amid worries over bond yields and rising recession risk.

JPMorgan Chase, Citigroup and Wells Fargo all rallied after reporting profits that exceeded analyst expectations even as they highlighted increased economic risks.

But US Treasury bond yields, a proxy for interest rates, climbed higher, rattling investors nervous about more aggressive moves by central banks to counter inflation.

You have got the persistent ramping in Treasury yields that's just trouncing everything else, said Art Hogan, analyst at B Riley Financial.

Friday's losses resumed the downward trend that had started the week, with an unexpected rally on Thursday giving markets only a brief respite.